According to Grand View Research, the global legal cannabis market had a value of $9.3 Billion in 2016. Furthermore, the market is anticipated to grow at a 34.6% CAGR during the forecast period from 2018 to 2025. The market is beginning to see widespread legalization which has started to take place in several countries and the growing demand for medical and recreational marijuana usage.
At present, the market is divided into medical and recreational segments. The medical segment captivates the industry, accounting for 80.3% of the revenue in 2016, which will continue to help the market throughout the forecast period. Medical cannabis treats many conditions such as multiple sclerosis, cancer-induced nausea, and chronic pain. Countries have realized the beneficial side effects of cannabis, which have led to many legalizing medical usage, while some continue to study the effects. Aurora Cannabis Inc. ACBFF, Terra Tech Corp. TRTC, iAnthus Capital Holdings, Inc. ITHUF, and General Cannabis Corp. CANN.
Aurora Cannabis Inc. (otcqx: ACBFF), headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 570,000 kg per year and sales and operations in 14 countries across five continents, is one of the world’s largest and leading cannabis companies. Aurora Cannabis Inc. recently announced that it has acquired Europe’s largest producer, processor, and supplier of certified organic hemp and hemp products, Agropro UAB, as well as hemp processor and distributor Borela UAB. Post-acquisition, Aurora intends to extract, refine and productize the organic hemp biomass into a wide range of organic CBD-based wellness products to generate new and significant revenue streams in this burgeoning market. With increasing recognition of the medical and general health benefits of CBD-based products, Aurora continues executing on a CBD-focused strategy that covers the entire value chain, from supply, through genetics research and clinical trials, to product development and distribution to various domestic and international markets across five continents. “Agropro’s position as Europe’s leading producer of premium organic hemp along with the significant and previously unutilized CBD production from the large quantities of currently discarded biomass, makes this an accretive acquisition and one that positions Aurora well to become a global leader in organic CBD-based wellness products,” said Terry Booth, Chief Executive Officer.
Terra Tech Corp. (TRTC) operates through multiple subsidiary businesses including Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Terra Tech Corp. recently announced that it has partnered with the Valiente Group, a beverage production company that specializes in cannabis infusion, to produce a line of cannabis-infused beverages under the IVXX brand. The Company, through the partnership, is currently developing a range of non-alcoholic, cannabis-infused beverages, including ‘champagne’, ‘apple cider’, lemonade ‘margarita’ mix, zero calorie lemon lime soda and cherry lime sparkling water. The infusion technology will be powered by SORSE branded technology, a product of Tarukino Holdings, a patent-pending Emulsion process which leaves beverages without oily residues and without cannabis flavor. The Company is simultaneously developing a single shot flavorless, odorless 5 milligrams and 10-milligram shot that can be added to any beverage or craft cocktail for at-home infusion. “Our relationship with the Valiente Group will enable our initial entrance into the cannabis-infused, non-alcoholic beverage market, which is among the least crowded segments in the adult-use cannabis industry and presents a tremendous first-mover opportunity for Terra Tech,” Derek Peterson, Chief Executive Officer of Terra Tech, stated. “The build-out of our Dyer Road facility will serve the growing demand for cannabis-infused beverages in the California Market and, in the future, we expect it to enable distribution to other markets, including Nevada.”
iAnthus Capital Holdings, Inc. (ITHUF) owns and operates best-in-class licensed cannabis cultivation, processing, and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. iAnthus Capital Holdings, Inc. recently provided the following summary of updates to inform shareholders and stakeholders of developments and achievements at GrowHealthy, the Company’s Florida medical marijuana operation that was acquired earlier this year. “As we prepare to open the first of our Florida dispensaries, we have made significant investments to upgrade our Lake Wales cultivation facility to quickly scale production and meet the expected demand,” said Carlos Perea, Chief Operating Officer at iAnthus. “This expansion puts GrowHealthy in an excellent position to capitalize on the explosive growth in the Florida medical marijuana market and become one of the state’s preeminent providers of medicinal cannabis products.”
General Cannabis Corp. (CANN) is the comprehensive national resource for the highest-quality service providers available to the regulated cannabis industry. As the legal cannabis industry grows throughout the United States, the industry’s leading service provider, General Cannabis Corp. recently announced it is expanding its presence on the East Coast with the opening of a New York office. “Given our growing list of East Coast clients and the steps that states like Massachusetts and New Jersey have taken toward launching adult-use sales, this is the ideal time for General Cannabis to further invest and establish itself in the region,” said Michael Feinsod, Executive Chairman of the Board for General Cannabis. “The growth potential for the market in this region is unparalleled. An East Coast office is perfectly suited to cater to this territory as General Cannabis continues to expand its presence nationwide. We plan on expanding our security, operations and marketing segments aggressively throughout the East Coast. In addition, we will be utilizing this office to expand and enhance our corporate, marketing and mergers and acquisitions teams.”
Are Marijuana Stocks Set For A Rebound?
Marijuana stocks and the marijuana industry have proven to be incredibly lucrative throughout the last several years with increased acceptance of CBD by medical experts as well as innovation-driven products making their way to the market.
In the months leading up to Canadian legalization of recreational cannabis use, the sector saw exponential gains enjoyed by some of the industry’s leading producers. One research report suggested that in those early months, several top cannabis stocks would experience a market value increase of over 100% in some cases. With such unprecedented potential for growth, investors were ready to ride the high to the top.
However, in the week or so following Canadian legalization, the volatility of the market became incredibly clear. Even with the advent of Canadian legislation, and other nations with policy procedures in the woodworks, the cannabis industry is still very much in its infancy, meaning that there is a large amount of growth the sector must undergo before investors can enjoy its full potential. Though cannabis supply is low, sector hopes remain high that the industry will meet the demand of consumers and prove profitable. In the meantime, it looks like the street could be prepping for that #BTFD moment ;).
The Weed Man, The Paper Boy, The Evening TV
OTTAWA — The Canadian Union of Postal Workers said in an official statement late Tuesday that it has given strike notice to Canada Post, a company that functions as the primary mail provider in Canada. If American postal workers are some of the kindest individuals in the public sector, I can only imagine the severity of whatever is causing the union to strike.
The Canadian Union of Postal Workers (CUPW) represents nearly 50,000 Canadian postal workers across the country. In their official press release, the union stated that if their demands are not met, “rotating strikes will begin at 12:01 am, Monday, October 22. Locations have yet to be determined. ”
As for their demands, the CUPW claims Canada Post needs to address issues of “health and safety, gender equality and preserving full-time, middle-class jobs,” says Mike Palecek, CUPW National President. The union has been reportedly pushing for 3.5% annual wage increases but has been met with offers far below inflation, Palecek added.
“Our goal is still negotiated settlements with no postal disruption. This week is Canada Post’s chance to make that happen-Mike Palecek, National President Canadian Union of Postal Workers
Canada Post spokesman Jon Hamilton, in response to union strike threats, said in a statement that the postal service has found common ground with the union before, with issues far more severe than this, and he confident a resolution will be found.
Hamilton also assured the Canadian public that the postal service will still be operational in the event of a strike, as Canada Post is the largest parcel service company in Canada.
The CUPW’s decision to advocate for their rights and strike, while important, comes at a very inconvenient time for many industries in Canada, notably the cannabis industry.
On Tuesday, at 12:01 am, distribution and use of recreational marijuana became legal for Canadian citizens, ending almost a century of prohibition. While many cannabis consumers are ecstatic about the news, individuals living in communities without retail cannabis shops have little to no access to the product.
It was at this moment, cannabis producers had a revelation. We can get more products to consumers if we offer delivery services through the Canada Post. Game changer.
According to the British Columbia Liquor Distribution Branch (BCLDB), the organization partnered with Canada Post to deliver cannabis. As far as the terms of the contract, customers will be responsible for a $10 shipping fee when ordering, and their orders will be shipped directly from the LDB’s warehouse within 48 hours of order submission. Ironically, or not, on the first official day that cannabis is recreational legal, the Canada Post decides to go on strike. Canada Post hasn’t officially stated that their demanded issue changes have any relation to cannabis distribution responsibilities.
While the Canada Post, the Postal Workers Union, and the BCLDB get their affairs in order, other companies in the space are implementing creative solutions to deliver the quality product to consumers.
Enter Choom (CHOOF), an “emerging adult use cannabis company” which has secured the rights to 52 retail opportunities across Western Canada, with 29 “highly strategic and sure locations” around the province.
Choom (CHOOF) has worked tirelessly to create their best-in-market retail storefront brand in the Canadian adult use market and officially announced in September, that they entered into a distribution agreement with ParcelPal Technology Inc. (“ParcelPal”) (PTNYF).
Step aside, Canada Post, and let the real cannabis players get their hands dirty. Gone are the days of standing for hours in line for your lunch, rushing to the store after work to grab your clothes, and now, waiting for Postal Workers Unions to settle their grievances.
ParcelPal (PTNYF), the pony express built for the digital age that Canadians have waited for, offers “on-demand delivery of merchandise from leading retailers, restaurants, liquor store and,” as of 12:01 am on Tuesday, medical and recreational marijuana.
“We recognize the importance of utilizing the existing technology of ParcelPal’s mobile app in concert with their outstanding track record of home delivery execution. We believe this will provide an exceptional customer experience and we are excited to offer this to our valued customers upon the upcoming rollout of our retail strategy.”
–Chris Bogart President and CEO Choom
As for the legality of cannabis delivery, ParcelPal (PTNYF), in partnership with Choom, will be held to the same standards as Canada Post. Upon delivering your product, you will need to show proper identification indicating that you are nineteen years or older.
I wish the Canadian Union of Postal Workers the best of luck in their organizing and hope that Canada Post takes their demands seriously. If either party starts to get stressed, no reason to panic. Choom (CHOOF) delivers.
Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC, MIDAM VENTURES LLC. has been compensated $75,000 per month for 3 months by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending December 1, 2018 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Midam has been paid $80,000 from Choom Holdings and 200,000 restricted common shares of Choom Holdings for a duration of 4 months beginning May 14, 2018 and ending September 14, 2018. We may buy or sell additional shares of (CHOOF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Click Here For Full Disclaimer
Here’s What You Missed 10/16/18
In the simplest terms I can offer, a shower thought is a miniature epiphany that makes the mundane more interesting. According to the official subreddit “r/showerthoughts,” a shower thought is an idea that offers people a new way of considering details that they might have otherwise overlooked.
Here are some of my favorite shower thoughts:
- Lasagna is just spaghetti-flavored cake
- Lobsters are mermaids to scorpions
- Skirts are just butt curtains
- Yawning is the equivalent to the 20% battery reminders we get on our phones
- Onion rings are vegetable doughnuts
- Cookie dough is the sushi of desserts
Please do your own research on more shower thoughts, but in the meantime, here’s what you missed in the news yesterday.
Sen. Warren, 1/38 Cherokee Does Not Make You Cherokee
Less than twenty-four hours after Massachusetts Sen. Elizabeth Warren released DNA evidence that her ancestry included, somewhere along the line, Native American genes. If her goal was to take power from President Trump’s countless “Pocahontas” jabs, Sen. Warren only made matters worse.
“Pocahontas (the bad version), sometimes referred to as Elizabeth Warren, is getting slammed. She took a bogus DNA test and it showed that she may be 1/1024, far less than the average American. Now Cherokee Nation denies her, ‘DNA test is useless.’ Even they don’t want her. Phony!”
– President Donald Trump
Trump’s “I-told-you-so-Pocahontas” tweets aside, his facts are actually true. However, it is important that I clarify one thing from the rant above. A DNA test is useless to determine tribal citizenship because Cherokee leaders must approve new citizens unless they were born Cherokee.
Warren worked with Stanford geneticist Carlos Bustamante to analyze her genes and discover the truth about her alleged Cherokee heritage. In a short film produced by Warren, Professor Bustamante explains to the senator that “the facts suggest that you absolutely have a Native American ancestor in your pedigree.”
Whether you believe Warren has sacred ground stand on or not, that is up to you. Sen. Warren has stated that she plans on running in the 2020 Presidential Campaign and hopes that you view her DNA acquisition has a means of being as transparent as possible to the American public.
Canada Reaches All-Time High, Literally
The legalization of recreational cannabis for Canadians officially took effect on Wednesday at midnight. With the enactment of this law, Canada is now the second country, after Uruguay, to legalize possession and recreational cannabis.
The question on everyone’s minds, aside from how late can pizza be delivered in Canada, is how will the country, and its newly budding market, evolve in the coming months. Many analysts are predicting a shortage of recreational marijuana within the first year, considering major cannabis producers have yet to face such a “high demand. ”
We shall wait and T-H-see, haha.
Saving Private Rhiannon
Lt. Gen. Laura J. Richardson has accomplished many feats during her thirty-two-year career in the US Army. Joining up in 1986, Richardson rose through the ranks of the military and in 2012, she came the first female deputy commanding general for the 1st Cavalry Division, known as “America’s First Team,” according to CNN.
Now, Richardson has once again broken through yet another glass ceiling. CNN reports that for the first time in the US Army Forces Command, or FORSCOM, a woman will be leading the largest command in the Army, representing 776,000 soldiers and 96,000 civilians. Aside from being a total badass, Richardson represents a powerful force sweeping the country, and soon the world. The time for women to take leadership and power is now. Well, to be fair, that time should’ve begun many years ago, but here we are. Time is up for men to solely hold command of the Army or executive positions in corporations.
We hold these truths to be self-evident that all men and women are created equal. I recognize that is not a direct quote, but I’ll submit my amendment to the constitution after this article goes live.
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